First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) Short Interest Up 61.5% in February

First Trust India NIFTY 50 Equal Weight ETF (NASDAQ:NFTY) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 6,300 shares, an increase of 61.5% from the February 13th total of 3,900 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 33,500 shares, the short-interest ratio is presently 0.2 days.

First Trust India NIFTY 50 Equal Weight ETF Price Performance

Shares of First Trust India NIFTY 50 Equal Weight ETF stock traded up $0.44 during trading on Friday, reaching $52.98. 36,713 shares of the stock traded hands, compared to its average volume of 36,798. The company has a market capitalization of $251.66 million, a price-to-earnings ratio of 22.78 and a beta of 0.72. The business has a fifty day simple moving average of $54.17 and a two-hundred day simple moving average of $58.37. First Trust India NIFTY 50 Equal Weight ETF has a 52-week low of $51.57 and a 52-week high of $65.90.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its position in First Trust India NIFTY 50 Equal Weight ETF by 0.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 38,707 shares of the company’s stock worth $2,167,000 after acquiring an additional 264 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in First Trust India NIFTY 50 Equal Weight ETF by 3.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,628 shares of the company’s stock worth $483,000 after purchasing an additional 286 shares during the last quarter. Synovus Financial Corp lifted its stake in First Trust India NIFTY 50 Equal Weight ETF by 12.5% in the third quarter. Synovus Financial Corp now owns 3,848 shares of the company’s stock worth $250,000 after purchasing an additional 427 shares during the last quarter. Ergawealth Advisors Inc. lifted its stake in First Trust India NIFTY 50 Equal Weight ETF by 4.7% in the fourth quarter. Ergawealth Advisors Inc. now owns 9,880 shares of the company’s stock worth $553,000 after purchasing an additional 443 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in First Trust India NIFTY 50 Equal Weight ETF by 3.2% in the fourth quarter. Stifel Financial Corp now owns 15,985 shares of the company’s stock worth $895,000 after purchasing an additional 497 shares during the last quarter.

About First Trust India NIFTY 50 Equal Weight ETF

The First Trust India NIFTY 50 Equal Weight ETF (NFTY) is an exchange-traded fund that is based on the NIFTY 50 Equal Weight index. The fund tracks an equally weighted index of the 50 largest and most liquid Indian equity securities. NFTY was launched on Feb 14, 2012 and is managed by First Trust.